The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1887-02-05
BOARD OF SUPERVISORS.
Special Session---Report of Committee to
Negotiate Bonds.

Special Session---Report OF Committee to
Negotiate Bonds.
The financial condition of LaSslle county
has necessitated another extra session of
the Board of Supervisors. After the com
mit'ee appointed to negotiate the county's
bonds had done so and obtained the $50
900 on them, some one, verymuch given 10
teChnicalties raised the question AS TO the
right Of the committee to pay the Outstaud-
ing notes Of the county, until they mad first
been audited by the board and an order
given for them by the county clerk. Sew.
eral notes were presented for payment 10
the cashier of the First National Bank,
who is In charge Of the Coun;y's finances
during MIR. Hotfman's illness, but he re
fused to pay them. Such condition Of
affairs necessitated either calling an extra
per cent interest on the Indebtedness of
the county until the March session. Tn
willing TO do this the requisite number Of
members signed call on the county clerk
to issue call, and in accord herewith the
same WAS issued for session held on
Thursday.
All but one or two members were present
and probably at two o'clock Clerk McKeon
read the call which stated the business Of
the session to be $50 hear the report of the
special committee appointed to negotiate
the bonds"
Prior TO the meeting there had been
some talk Of IN intention on the part OF
some of the members to call up other mat
tiers not set forth in the call, and very
| lively debate was expected, 1t was init
mated that 1t would be decidedly personal,
but good sense prevailed and the members
attended TO the legitimate business for
which they were called together and then
went their way, evidently in better humor
than when they assembled.
After roll call Supervisor Fischer, from
the committee to negotiate the bonds, pre-
sented the following report signed by
Messrs. Reed, Fades, Griffin and himself,
and which, after the reading of the report
of the chairman and Treasurer
Hoffman, heretofore published, and which
was not offered as substitute, was adopted.
! Your special committee appointed 70
negotiate the $75 600 bonds of La Sale
county, voted by the people al the last
general election, beg leave to make and
submit the following report: That before
issuing any bonds they deemed 1t neces-
sary to obtain an accurate statement of the
Indebtedness Of the county as existing
January 1, 1877, and upon q request being
made TO the county treasurer to furnish
them with such statements were given the
following: Here followed list Of
twenty-five interest bearing notes aggTe
eating S59, 1856 10, and estimated amount Of
Interest due January 1st of s., s40, making
an aggregate of S63, 1876 In view OF
the foregoing statement az furnished by
the county treasurer, they Tor majority Of
them deemed it unwise 70 issue any more
bonds than was actually necessary TO cover
said amount OF S59,298 l6 as the reported
debt, ana upon motion OF Mr.. Grittin the
amount of 100000 In bonds of La Sale
county, bearing interest at the rate OF AZ
per cent. per annum, payable semiann
ally, principal and interest payable as per
resolution of the Board Of Supervisors at
their special session December 80, 1885,
were sold to Mr.. George M. Murphy, OF
La Sale, Ill.,, ut par, with such Interest g.
might accrue until the blank bonds should
arrive from Chicago, ILL.,, all OF which
were delivered by your committee on the
21st day of January, 1897, receiving there
for certificate of deposit payable to the
order of the treasurer of La Sale county,
which said certificate was deposited with
the treasurer of La Sale county on the
same day. And your committee would
further say that there exists difference OF
opinion in their minds as 10 the correctness
of the treasurer's statement ana also as 20
the approximate amount of money neces
sary to meet the current expenses for the
coming year, and doubtless many, II not
all, of YOU have read the different reports
of your committee as have been Published
In the papers throughout the county, and
we would therefore most respectfully sab
NIT for your consideration the views OF
the majority of your committee.
ASSETS.
!. 500 each .'..........e.,,........ teoes *
Taxes as per collectors books
for fiscal year ..-....... flSofSo ~
Cost Of collecting same tO8o b2
sl9l,a2o Of
o psr "Ho""' sls1, $50 7
i LIABILITIES.
Interest bearing notes and orderrs S5s 10 10
Accrued intereat on $3.50 OF lndebt- ., -.
edneSs. n,
Appro MINATED expenses to Jan. |, 81 1929 VI
Sigl, 40 o,
Your committee is estimating the current sI-
penaes for the coming year, based their calcnLa
lions upon the expenses OF the fiscal year eIolns
sent lat, 81 which amounts to-. Sll5,SN VI
, Ont uf which was paid on
bridges '''c 'o',oo w
b Interest, about. .-.....,.. outt w
Repairing heating pipes LOU w An. M, an
Or the net county expenses ........,... N,oA "
besides many other smaller appropriations that
your committee have not iteml2ed, which ~ tht
greatest cost of any year SINCE 1851 We have
for the coming year appro1lmateu 49,. % ~.
our expenses at.......-.......... Sii,''N W
N sc uan bridges